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Wednesday 15 June 2011

Reliance Industries Advance tax payment may get increased from 624 cr to 900 cr

Reliance Industries Advance tax payment may get increased from 624 cr to 900 cr

Yash Birla Group company Birla Pacific Medspa IPO will open from June 20-23

Yash Birla Group company Birla Pacific Medspa will tap the capital market through a Rs 65 crore initial public offering on June 20 to fund its expansion plans.

Birla Pacific Medspa plans to raise around Rs 65 crore by way of an IPO with a price band of Rs 10 to Rs 11. The issue will open for subscription on June 20 and will close on June 23.

Power Grid Corporation of India competing for Indian and foreign rivals for a Rs 1,300-crore contract

Power Grid Corporation of India will be competing for a domestic contract with Indian and foreign rivals for a Rs 1,300-crore contract

Lupin’s has acquired the worldwide rights to the GOANNA brand

Lupin’s has acquired the worldwide rights to the GOANNA brand and the complete range of premium therapeutic oils, rubs and ointments marketed under the brand.

Gokul Refoils & Solvent has recommended a final dividend

Gokul Refoils & Solvent has recommended a final dividend of Re. 0.22 (11% on equity share of face value of Rs. 2/- each) for the year ended March 31, 2011

NHPC forms Joint Venture with J&K State power and PTC India

State-run NHPC incorporated a joint venture company with Jammu Kashmir State Power Development Corporation Ltd and PTC India Ltd to implement 2,100 mw hydroelectric power comes within the state. The joint venture company - Chenab Valley Power comes - would found out Pakal Dul and alternative hydroelectric comes of 2,100 mw capability in Chenab river basin of Jammu and Kashmir, NHPC said during a regulatory filing on Tuesday.

NHPC had in December last year inked a promoter's agreement with Jammu and Kashmir State Power Development Corp and PTC India for putting in place the new entity. Jammu and Kashmir State Power Development Corp and NHPC would own forty ninth stake every within the joint venture firm whereas the remaining shareholding would be with PTC India.

NHPC plans to speculate Rs 5,090 crore within the current money year toward ten comes with 4502-mw capability. the corporate is getting ready detailed project reports for seven comes, having a complete capability of  2,485 mw. The company's four comes with 1,080-mw capability are probably to become operational this year. the corporate has been ready to add solely 2,200-mw throughout 2007-12 against the targeted 5,300-mw.

Caraco shareholders approve merger with Sun Pharma

Caraco shareholders approve merger with Sun Pharma

Tata Motors Sales went up 11%

Tata Motors May global sales went up 11% at 88,251 units. JLR sales moved up 17% at 22,296 units